CFPB Slowdown: A Reason to Worry?
This may sound like good news to the handful of credit unions that are directly examined by the CFPB, but industry experts suggest that the motive may be more political than practical and could affect other credit unions. They claim the CFPB could be positioning itself to use its self-created backlog to pressure Congress for an increased budget and, possibly, expanded examination authority. [4/24/15]